Formal evaluations are conducted periodically of the Board, its committees and each Trustee.

The Board of Trustees considers good corporate governance as an integral part of the effective and efficient operation of the Fund and of long-term value enhancement for Unitholders.

The Board has implemented organizational structures, policies, procedures and systems to ensure compliance with regulatory requirements and industry practices. The Board has a Whistle Blower Policy, and a written Charter, which sets out charters for each committee, the responsibilities of the Chairman of the Board and of the President and CEO.

They continuously monitor current events and market factors, and oversee the Fund's strategic planning process and direction.

The Trustees meet regularly without management. In the Fund's Management Information Circular (accessible in PDF format under Reports & Filings, and filed on SEDAR at www.sedar.com), the Fund sets out its Corporate Governance practices and policies, including:

• Statement of Corporate Governance Practices
• Board of Trustees composition and responsibilities
• Summary of Trustees' Meeting Attendance
• Board Mandate
• Position Descriptions – President & CEO, and Chair of the Board
• Disclosure Policy
• Orientation and Continuing Education
• Ethical Business Conduct – Board and Employee Codes of Conduct
• Nomination and Compensation of Trustees
• Board Committee descriptions
• Assessments and additional information
• Trustees' Biographies
• Board Charter